Monday, 11 November 2013

Pfizer Announces Top-Line Results Of Phase 3B/4 Study Of RAPAMUNE




Pfizer Inc. announced today top-line results from a Phase 3B/4 study of RAPAMUNE® evaluating kidney transplant patients who transitioned from tacrolimus-based therapy to RAPAMUNE® 3 to 5 months after transplant. Pfizer Inc. (PFE), with a current value of $205.23B, started the session at $30.88. Shares have traded today between $30.88 and $31.12 per share with a trailing 52-week range being $23.55 to $31.40.

Pfizer (PFE) shares are currently priced at 14.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -11.36x earnings multiple for the same period.  And for income investors, the company pays shareholders $0.96 per share annually in dividends, yielding 3.10%.

According to a consensus of 17 analysts, the earnings estimate of $0.53 per share would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.18 is a $0.01 setback when compared to the previous year’s annual results. Read more

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